123fahrschule SE Shows Growth and Improved Profitability in Q3

123fahrschule SE has reported robust preliminary Q3 results, highlighting consistent top-line growth and enhanced profitability. Sales grew by 11% to €5.7 million, primarily driven by the Private Customer segment. The Driving Instructor Training segment also experienced significant growth, reaching €0.7 million, while the Professional Driver Education segment saw a decline.

Adjusted EBITDA for the quarter increased to €0.2 million from no change in Q3 2023, showcasing efficiency gains. A notable improvement was seen in operating cash flow, rising to €0.6 million, marking a significant increase from the first half of 2024.

The company introduced its Strategy 2027, aiming to leverage online theory returns and enhance practical training through digitalization. This strategy is expected to lower the cost of obtaining a driver’s license and boost market share. Management is considering raising capital for funding these initiatives.